What's up with the ER2 and EMD today? ES, NQ, DJI, NYA, and COMPX all sold off this morning while the ER2 and EMD went choppy sideways. Now those indices are rallying while the ER2 and EMD are stuck. Are there forces out there conspiring to keep ER2 and EMD stuck in a pathetic tiny range. It feels like there are counteractive orders killing the potential moves instead of the moves just drying up from lack of interest. Range for ER2 is 42% of ES range, 4.5 pts vs 10.75. Normally the ER2 range is at least 70% of ES range, often more than 100%. This basically means you get more bang for the buck with the ER2. Maybe this is the natural progression of an index futures contract: Lively price action and good follow through to fake moves, stuck price action, little follow through, and an abundance of counteractive orders to stop any movement. I've seen this happen to NQ and ES. I've heard from others about how this happened to the DAX. Or it could be just 1 bad day. Any thoughts?